Andrew Hoffman Leases Retail Space To Juice Eternity Represented By Noam Aziz In Manhattan
47 7th Avenue
$186
$186/SF
Building Size
450 SF
Asset Type
Retail
Closing
Nov 7, 2024
AI
The asset involved in this lease transaction is a retail space located at 47 Seventh Avenue in the Manhattan market. The asking rent for the property is set at $210 per square foot, with a total area of 450 square feet. The lease type is a Modified Gross Lease.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $210/ft
- Address: 47 Seventh Avenue
- Market: Manhattan
- Landlord: Andrew Hoffman
- Tenant: Juice Eternity & Harry Singh
- Tenant's Representative: Noam Aziz - Meridian Capital Group
- Square Footage: 450
- Lease Type: Modified Gross Lease
The key individuals involved in the transaction include Andrew Hoffman as the landlord and the tenant duo of Juice Eternity and Harry Singh. The representation for the tenant in this deal is provided by Noam Aziz from Meridian Capital Group.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
85284.95%
Cash-on-Cash
-24374.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93